Apple's India iPhone exports rose by a third, reaching $5.9 billion in H1, boosted by manufacturing expansion to reduce China dependence.

Apple's iPhone exports from India rose by a third, nearing $6 billion in the six months through September, as the company enhances its manufacturing presence to reduce reliance on China. This growth leverages local subsidies and a skilled workforce, marking a significant shift in India's smartphone export landscape, with iPhones dominating exports to the U.S. Despite holding less than 7% market share in India, Apple plans further investments and retail expansions.

October 28, 2024
41 Articles

Further Reading